Stifel Financial Corp Has $55.03 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Stifel Financial Corp raised its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,497 shares of the company's stock after acquiring an additional 19,181 shares during the quarter. Stifel Financial Corp owned 0.12% of Constellation Brands worth $55,028,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in shares of Constellation Brands by 9.5% during the 2nd quarter. Park Avenue Securities LLC now owns 3,538 shares of the company's stock valued at $910,000 after buying an additional 308 shares during the last quarter. CWM LLC boosted its stake in shares of Constellation Brands by 1.0% during the 2nd quarter. CWM LLC now owns 5,126 shares of the company's stock valued at $1,319,000 after buying an additional 50 shares during the last quarter. Simplicity Wealth LLC boosted its stake in shares of Constellation Brands by 7.5% during the 2nd quarter. Simplicity Wealth LLC now owns 3,078 shares of the company's stock valued at $792,000 after buying an additional 215 shares during the last quarter. Capital Investment Advisors LLC purchased a new position in shares of Constellation Brands during the 2nd quarter valued at approximately $257,000. Finally, QRG Capital Management Inc. boosted its stake in shares of Constellation Brands by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 3,351 shares of the company's stock valued at $862,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Stock Performance

Shares of STZ traded down $0.50 during trading hours on Friday, reaching $239.00. 1,701,897 shares of the company's stock traded hands, compared to its average volume of 1,221,266. The firm has a market capitalization of $43.39 billion, a price-to-earnings ratio of 77.35, a P/E/G ratio of 1.68 and a beta of 0.90. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87. The business's fifty day simple moving average is $240.10 and its two-hundred day simple moving average is $246.23.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, beating analysts' consensus estimates of $4.08 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $3.70 earnings per share. Analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Tuesday, November 5th. Constellation Brands's payout ratio is currently 130.74%.

Insider Buying and Selling

In related news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares of the company's stock, valued at $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following the transaction, the executive vice president now directly owns 4,970 shares in the company, valued at approximately $1,220,482.90. The trade was a 23.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock valued at $46,058,091 over the last three months. Company insiders own 12.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. BNP Paribas assumed coverage on Constellation Brands in a research note on Monday, November 25th. They set a "neutral" rating and a $261.00 target price for the company. BMO Capital Markets reduced their target price on Constellation Brands from $315.00 to $305.00 and set an "outperform" rating for the company in a research note on Tuesday, October 15th. Bank of America restated a "neutral" rating and set a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. JPMorgan Chase & Co. reduced their price objective on Constellation Brands from $307.00 to $293.00 and set an "overweight" rating on the stock in a research note on Friday, October 4th. Finally, Needham & Company LLC began coverage on Constellation Brands in a research note on Friday. They set a "buy" rating and a $280.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $288.70.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.